Uma Exports Ltd. (UMAEXPORTS) AI Stock Analysis

• Market Cap: ₹715.08M
• Dividend Yield: N/A
• Average Volume (3M): 5.45K
• Price to Earnings (P/E): 25.7
• Beta (1Y): 0.73
• Revenue Growth: -2.03%
• EPS Growth: -124.89%
• Country: IN
• Employees: 39
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 0.38
• Shares Outstanding: 33,809,830
• 10 Day Avg. Volume: 12,332
• 30 Day Avg. Volume: 5,454
• PEG Ratio: -1.26
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -4.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹21.50 ▼(-43.60% Downside)
• Action: Reiterated Date: 02/23/26
• Date: Action: Reiterated 02/23/26

The score is held back primarily by weak cash generation and pressured margins, alongside a technically bearish trend (price below major moving averages and negative MACD). Valuation is also a concern due to the negative P/E, while revenue growth and a moderately stable balance sheet prevent a lower score.

Positive Factors

Merchant trading model with service revenue

A core merchant-trading model supplemented by logistics, warehousing and documentation services creates multiple, durable revenue streams. These service elements raise customer stickiness, allow margin capture beyond spot spreads, and align with persistent global demand for agri commodity trade.

Steady revenue growth trend

Sustained top-line growth across reporting periods indicates expanding procurement and distribution reach. Durable revenue expansion supports operating scale, improves bargaining with suppliers and logistics partners, and provides a foundation to absorb fixed costs even if margins remain pressured.

Improved equity capitalization

An improving equity base provides a multi-quarter buffer against volatility in commodity cycles and reduces the relative need for dilutive funding. Stronger capitalization enhances access to trade credit and supports working-capital needs inherent in commodity trading.

Negative Factors

Consistently negative operating cash flow

Persistent negative operating cash flow is a structural weakness for a trading business that relies on tight working-capital cycles. It forces ongoing external financing, raises liquidity risk, and limits the company's ability to fund growth, capex, or buffers against bad debtor cycles.

Declining gross and net margins

Widening margin pressure erodes the core profitability of the trading model and limits cash generation. If driven by structural cost rises or persistent price spreads, margin compression will reduce return on capital and the firm's ability to reinvest or build reserves over multiple quarters.

Rising leverage and falling ROE

Higher leverage combined with declining ROE increases financial vulnerability during commodity-price stress. Greater interest and repayment obligations constrain flexibility on working capital, elevate refinancing risk, and can amplify earnings volatility in future reporting periods.

Uma Exports Ltd. Business Overview & Revenue Model

Company Description

UMA Exports Limited engages in the trading and marketing of agricultural produce and commodities. It offers sugar; spices, which include dry red chilies, turmeric, coriander, and cumin seeds; food grains, such as rice, wheat, and corn; sorghum and tea; pulses; and agricultural feeds, including soyabean meal and rice bran de-oiled cake. The company also imports lentils, faba beans, black matpe, and pigean peas. It exports its products to Sri Lanka, Malaysia, Bangladesh, Pakistan, the United Arab Emirates, Singapore, Djibouti, Benin, and internationally. Uma Exports Limited was incorporated in 1988 and is based in Kolkata, India.

How the Company Makes Money

Uma Exports primarily makes money through merchant trading of agricultural commodities: it buys commodities from suppliers (e.g., farmers, aggregators, mills, or other traders) and sells them to buyers (domestic or overseas), earning revenue from the gross value of goods sold and capturing a trading margin (the spread between purchase price and selling price), net of logistics and handling costs. Additional earnings can come from service elements embedded in trading contracts—such as arranging transportation, warehousing, quality grading, packaging, and export documentation—where the company may charge customers directly or reflect these costs and a margin in the final selling price. The company’s profitability is influenced by commodity price movements, sourcing efficiency, credit terms (working-capital management), and execution capabilities in logistics and trade compliance. Specific disclosures on major customers, long-term partnerships, or exact revenue stream mix are null.

Uma Exports Ltd. Financial Statement Overview

Summary

Revenue growth is strong, but profitability is weakening (declining gross and net margins). Rising leverage and falling ROE add risk, while consistently negative operating cash flow and declining free cash flow indicate liquidity/quality-of-earnings concerns.

Income Statement

Uma Exports Ltd. demonstrated a mixed income performance with a steady increase in revenue over the years, showing a strong revenue growth rate from 2024 to 2025. However, profit margins have been under pressure. The gross profit margin has decreased significantly over the period, indicating rising costs or pricing pressures. Moreover, the net profit margin has also narrowed, reflecting challenges in translating revenue growth into net income.

Balance Sheet

The company's balance sheet reveals a moderate financial position. The debt-to-equity ratio has increased, indicating higher leverage and potential financial risk. However, the equity ratio has improved with growing stockholders' equity, suggesting better capitalization. Return on Equity (ROE) has declined due to lower net income, impacting overall profitability.

Cash Flow

Cash flow analysis highlights significant challenges, with operating cash flow consistently negative over recent years. Free cash flow shows a declining trend, indicating potential liquidity issues. The ratio of operating cash flow to net income is unfavorable, suggesting cash generation from operations is not supporting net income levels effectively.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	16.59B	17.24B	15.32B	14.86B	12.77B	7.42B
Gross Profit	636.41M	642.66M	387.15M	1.41B	1.58B	690.09M
EBITDA	136.79M	163.81M	229.16M	425.67M	446.74M	211.01M
Net Income	-39.69M	35.00M	102.12M	280.22M	241.60M	125.12M
Balance Sheet
Total Assets	4.32B	4.60B	3.68B	3.28B	2.57B	1.99B
Cash, Cash Equivalents and Short-Term Investments	297.64M	615.96M	314.15M	412.61M	278.67M	174.58M
Total Debt	1.87B	2.12B	1.22B	1.09B	329.04M	421.41M
Total Liabilities	2.37B	2.65B	1.77B	1.48B	1.63B	1.29B
Stockholders Equity	1.94B	1.94B	1.90B	1.80B	941.86M	695.39M
Cash Flow
Free Cash Flow	5.47M	-637.12M	-204.94M	-1.16B	299.23M	48.90M
Operating Cash Flow	79.18M	-439.56M	-173.05M	-1.12B	334.53M	48.92M
Investing Cash Flow	-53.69M	-164.40M	22.89M	-25.51M	-21.28M	36.55M
Financing Cash Flow	-366.55M	901.34M	50.97M	1.27B	-211.94M	194.90M

Uma Exports Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 38.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UMAEXPORTS, the sentiment is Negative. The current price of 38.12 is above the 20-day moving average (MA) of 24.93, above the 50-day MA of 29.90, and below the 200-day MA of 43.55, indicating a bearish trend. The MACD of -2.56 indicates Positive momentum. The RSI at 28.05 is Positive, neither overbought nor oversold. The STOCH value of 19.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UMAEXPORTS.

Uma Exports Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNITEDTEA	74 Outperform	₹2.55B	10.75	―	0.67%	―	―
RPPL	63 Neutral	₹1.13B	16.55	―	―	10.14%	73.18%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
INCREDIBLE	59 Neutral	₹1.57B	26.50	―	―	10.59%	82.10%
UMAEXPORTS	55 Neutral	₹715.08M	25.72	―	―	-2.03%	-124.89%
INDIANCARD	47 Neutral	₹1.10B	-59.27	―	―	-10.80%	-66.88%
VISHWARAJ	44 Neutral	₹1.07B	-5.57	―	2.88%	-3.45%	-858.71%

Uma Exports Ltd. Corporate Events

Uma Exports Announces Trading Window Closure Ahead of Q3 Results

Uma Exports Ltd. has announced that its trading window for dealing in the company’s securities will be closed for all designated persons starting January 1, 2026. The restriction, implemented under SEBI’s Prohibition of Insider Trading Regulations and the company’s own code of conduct, will remain in force until 48 hours after the declaration of its unaudited financial results for the quarter and nine months ended December 31, 2025; the board meeting date to approve these results will be notified later, signaling the upcoming earnings disclosure cycle to investors and insiders.